Startup Professionals Musings

JUNE 26, 2020

As an advisor to new hardware entrepreneurs, I often hear the myth that a business plan is no longer required to find an investor, if your idea is good enough. You may have heard that venture capitalists in Silicon Valley no longer read business plans. Description of the business entity you plan to form.

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Startup Professionals Musings

NOVEMBER 4, 2019

I recommend a ten-slide pitch to start, reviewed by friends and advisors, to be expanded to a ten-to-twenty-page business plan with opportunity sizing, cost and price details, competitors, marketing and sales strategy, financial projections, and resources required. Make sure your solution is defensible and unique.

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crowdSPRING Blog

NOVEMBER 8, 2018

From choosing a fashion business structure to pricing, licensing and permits to business plan… There’s a lot to think about. First, you will need to choose the legal structure for your new apparel business. Sole proprietorship or LLC? Then it’s time to think about the specifics of your business.

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Startup Professionals Musings

NOVEMBER 4, 2011

Here is my list of top ten action items to best prepare you for success in achieving a funding event with angels: Incorporate the business now. If you expect to require external funding, you should first incorporate as an S-Corp, C-Corp, or LLC, rather than the more expeditious sole proprietorship or partnership.

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Startup Professionals Musings

FEBRUARY 14, 2012

My rule of thumb expectation is that it should take two months to set up the legal entity, six months to finalize the business plan, and by the end of the first year have a prototype product ready for customers. Save these discussions for friends, family, and trusted business advisors.

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Up and Running

JULY 11, 2013

You can create a parent/subsidiary structure, which could help legally protect your main business from being sued or losing its assets due to the subsidiary company’s actions. If you incorporate or turn your business into an LLC, you can treat it as a parent company, and then list it as the owner of any subsequent corporations or LLCs.

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Startup Professionals Musings

OCTOBER 9, 2021

Produce a real business plan for critical feedback from outside investors. Writing a business plan is the only way to determine if you even understand what your dream is all about. Incorporate your first business before you graduate. It’s important to go well beyond the passionate idea stage.

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Startup Professionals Musings

JUNE 21, 2021

First, pick a name for your company and do the paperwork on starting a Limited Liability Corporation (LLC). Practice developing a business plan. Pick a startup business that you can do for minimal cost, like a services business with the skills you have.

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Startup Professionals Musings

NOVEMBER 30, 2015

In the United States, this is a limited liability corporation, or LLC. Build your time line and momentum quickly after your business' start. Prepare for investor attention once you are ready to scale the business. Fundable entrepreneurs have a proven business model and are ready to scale up the business.

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Up and Running

MAY 1, 2014

You’ve reviewed what a business plan is , and why you need one to start and grow your business. It’s time to dig into the process of actually writing a business plan. In this step-by-step guide, I’ll take you through every stage of writing a business plan that will actually help you achieve your goals.

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Startup Professionals Musings

DECEMBER 18, 2010

My rule of thumb expectation is that it should take two months to set up the legal entity, six months to finalize the business plan, and by the end of the first year have a prototype product ready for customers. Save these discussions for friends, family, and trusted business advisors.

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Up and Running

JANUARY 16, 2013

Our thanks to Small Business Trends and the Young Entrepreneur Council 10 Reasons Why You Should Write A Business Plan. the fact is that a business plan — even just a one-pager with a few financial projections — can be a valuable internal tool. This is a very good list. The top-level summary: . Organization.

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Startup Professionals Musings

SEPTEMBER 23, 2010

Here is my list of top ten action items to best prepare you for success in achieving a funding event with angels: Incorporate the business now. If you expect to require external funding, you should first incorporate as an S-Corp, C-Corp, or LLC, rather than the more expeditious sole proprietorship or partnership.

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Angel Investor Intellectual Property Technical Review Elevator Pitch 224

Up and Running

OCTOBER 30, 2017

Types of business formations include: Sole proprietorship. Limited Liability Company (LLC). Spend some time getting to know the pros and cons of each business formation. If you will be seeking outside financing, a business plan is a necessity. The standard business plan includes nine parts: The Executive Summary.

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Up and Running

JULY 12, 2016

Company history in a business plan? Yes, it’s a good addition to some business plans, but not all. For this article, I want to look at how to decide whether or not you include company history, and if you do, what to include and where to put it in the plan. The purpose of the business plan.

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Up and Running

JULY 28, 2022

Limited liability company (LLC) – A structure that combines the characteristics of both corporations and partnerships. The right time for drafting a founders agreement is in the early stages of business. It can even be part of the company organization and management team section of your business plan.

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The Startup Magazine

JANUARY 11, 2022

Steve also founded the company B3Square1 LLC, which is an online gaming and software company. which is a wholly owned subsidiary company to Dignity Gold, already implemented the creative business plan of using gold reserves to back up its token, and the company has already released the first batch of tokens on November 15th, 2021.

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The Startup Magazine

JULY 13, 2020

Before drafting your broker’s business plan, you’ll need to first acquire a broker’s license. Write a Business Plan. Successful entrepreneurs will tell you that any company without a business plan is like a fish without water. Sales and marketing plan. Financial plan. Operating plan.

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crowdSPRING Blog

FEBRUARY 14, 2019

Here’s an 11 step complete guide on how to start a business. Write a business plan. Decide your legal business structure. Purchase business insurance. Create a sales plan. Write a business plan. Although a business plan isn’t mandatory, it can help you to crystallize your ideas.

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The Startup Magazine

JUNE 14, 2021

Creating a legal entity: When you start a business, the most important thing you can do to protect yourself is choose a legal entity. You may be an LLC or an S. Maybe there’s another type of business structure that will work better for you. Naming your business. Writing a business plan. Getting an EIN.

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Up and Running

APRIL 26, 2010

I got an email over the weekend asking me for a list of business plan competitions. See recent posts like, for example, business plan competitions grow up , last week; and my business plan marathon series on my main blog.

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YoungUpstarts

FEBRUARY 1, 2020

Without a viable business idea backed by in-depth market research, your dream to own a business might not come to life. Draw a Business Plan. Drawing a business plan is a must, whether you have startup capital or not. This plan is a document that fleshes out the details of your upcoming business.

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Startup Professionals Musings

MARCH 11, 2013

If you aren’t so sure, need something fast, or need to keep your costs low, then an LLC is the best legal and taxable entity to facilitate your startup. Incorporate your startup after the business plan, but before you spend a dollar on product development. The initial paperwork defines the start date of your business.

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crowdSPRING Blog

JULY 6, 2017

Once you define your brand, you can begin to think about the vitally important details of actually starting and running a business. From choosing a business structure to pricing, licensing and permits to business plan… There’s a lot to think about. Sole proprietorship or LLC? Plan for manufacturing. .

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Small Business Administration Social Media LLC Technical Review 48

Startup Professionals Musings

OCTOBER 28, 2018

Produce a real business plan for critical feedback from outside investors. Writing a business plan is the only way to determine if you even understand what your dream is all about. Incorporate your first business before you graduate. It’s important to go well beyond the passionate idea stage.

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YoungUpstarts

SEPTEMBER 28, 2017

Equally important is what skill sets you will be bringing to your business and whether you are entering an emerging business with fast growth opportunities or a dying industry. Step 2: Prepare A Business Plan. Writing your business plan will be your second business savvy decision.

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Startup Professionals Musings

SEPTEMBER 21, 2018

In my years of advising startups, and also as an occasional angel investor, I still recommend this set of best practices to prepare you for platform applications: Formalize a business entity immediately. It’s easy and inexpensive to create an LLC, S-Corp, or even a C-Corp online these days, with or without the help of an attorney.

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YoungUpstarts

OCTOBER 28, 2020

Write a Business Plan. The first thing to do for any entrepreneur, will be to begin with a solid plan for business. This crucial component of your business campaign provides direction and rhythm to your efforts. Your plans can be broad or extremely specific, formal or whimsical whatever you feel comfortable with.

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The Startup Magazine

MAY 23, 2019

The best choice is to be a limited liability company or LLC. Set Up Business and Marketing Plans. Business plans don’t have to be elaborate. This protects you and your personal belongings from any problems in case somebody sues you. Get an accounting software like Freshbooks to handle all your needs.

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YoungUpstarts

FEBRUARY 3, 2020

Focus on the future; get small but important things done each day that advance your cause for a new job or new business plan. Chuck Crumpton is the founder and CEO of Medpoint, LLC, a global consulting firm serving medical device and pharmaceutical companies in the U.S., Instead of worrying, take action.

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Up and Running

AUGUST 12, 2013

Filing your new business as an LLC or a corporation is a smart decision for a number of reasons; it enables you to save on taxes and protect your personal assets, and it gives your business a sense of professionalism, to name a few. So it’s important to keep the state up to speed on any changes that your business makes.

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YoungUpstarts

DECEMBER 3, 2019

Setting up a business is never easy, but you can improve your chances of success with careful planning, plenty of research, and commitment to work hard. Step 1: Create a strong business plan. A business plan is an essential tool for any entrepreneur looking to start their own company.

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The Startup Magazine

NOVEMBER 17, 2019

From the possibility of getting sued to theft and damage to your property… in knowing these potential threats to your business, one of the best options is to register your business as an LLC. By doing this, your personal assets will be protected from creditors seeking payment from transactions of the business.

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Startup Professionals Musings

FEBRUARY 1, 2016

Isolate your new startup business from your personal accounts. It’s very easy and inexpensive to set up online a Limited Liability Company (LLC) for the startup, which will allow you to track business costs, cash and taxes correctly -- no matter what happens.

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Intellectual Property LLC Limited Liability Company Nevada 120

Startup Professionals Musings

NOVEMBER 15, 2014

Produce a real business plan for critical feedback from outside investors. Writing a business plan is the only way to determine if you even understand what your dream is all about. Incorporate your first business before you graduate. It’s important to go well beyond the passionate idea stage.

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Chad Incubator Dilution LLC 279

Women Entrepreneurs Can

FEBRUARY 6, 2023

Establish Your Business Structure The first thing you need to do is decide on the structure of your business. For example, are you a sole proprietorship, limited liability company (LLC), or corporation? In addition, you must comply with any local, state, or federal regulations related to your business structure.

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Women Entrepreneurs Can

MARCH 26, 2022

Formulate a Business Plan. Every entrepreneur knows the importance of drafting a business plan for their small business. Your business plan should include clear goals and objectives, your capital outlay, and how you plan to finance your operations. Find an Attractive Location.

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